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McCoy Global Inc T.MCB

Alternate Symbol(s):  MCCRF

McCoy Global Inc. is a Canada-based provider of technologies and equipment designed to support tubular running operations, wellbore integrity, and assist with collecting critical data for the global energy industry. It is focused on well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. Its core products are used primarily during the well construction phase for both land and offshore wells during both oil and gas exploration and development. Its cloud-based, real time, remote data transmission infrastructure supports its ability to integrate, digitize, and automate the historically manual processes of tubular make-up through its SmartTR automated casing running system. Its product suite includes Virtual Thread Rep, SmartCRT, SmartFMS, McCoy’s Smart Tong, and McCoy’s Smart Tailing Stabbing Arm. The Company operates in Canada, the United States, and the United Arab Emirates.


TSX:MCB - Post by User

Comment by Possibleidiot01on Apr 22, 2022 12:39pm
252 Views
Post# 34624202

RE:RE:RE:McCoy Global well on track!

RE:RE:RE:McCoy Global well on track!On June the 2nd last year , they announced a strategic review - the day after  the stock was 80 cents ....... let's review the past year - the price of oil and natural gas soars , moe wells being drilled. more wear and tear on existing equipment.
Now it's $1.05 a share which is a small increase compared to Ensign Resources. Precision Drilling, Pason Systems etc which might make sense if you remember the business environment was squeeze every last dollar out of your equipment which meant putting off capital equipment purchases.
IMO , the stock price offers you an opportunity based just on the drilling cycle ; let alone the technological advances.
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